FIRST TRUST FINANCIAL CORPORATION, COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF BALLARD KEVIL BANCO05-Jun-2013
FIRST TRUST FINANCIAL CORPORATION, COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF BALLARD KEVIL BANCORP, INC., HOLDING COMPANY FOR THE KEVIL BANK
CLINTON, KY. (June 5, 2013) – First Trust Financial Corporation, parent company of First Community Bank of Western Kentucky, Inc. (FCB) with offices in Clinton and Fancy Farm, today announced that it has completed the previously announced acquisition of Ballard Kevil Bancorp, Inc., the holding company for The Kevil Bank.
The acquisition greatly enhances FCB’s move northward into the Ballard County and west McCracken County marketplace. With the completion of the transaction and the soon to start construction of a new banking facility in La Center, FCB’s financial commitment to the area is significant.
Commenting on the announcement, Bruce Kimbell, President of FCB, said, “We are pleased to complete this transaction and are extremely thankful to David Blaine for choosing us to partner with. Our expansion into this market area is greatly enhanced by this transaction and allows us to establish our presence on a much quicker time frame as we work on our new La Center banking facility. Our plans are to offer a full array of banking products with a high level of hometown banking service.”
Kimbell pointed out that the company expects to complete by mid-July of 2103 the necessary conversion that will integrate customer information, balances and transaction data of The Kevil Bank into FCB’s data system. Until that conversion is completed, customers must continue to use their existing debit cards and current online banking access.